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Financial credit or women Herc is some information on credit tm “omen. compiled by Lcra Ryan. Fitiiiil) Resource Management Special7 isi. Ontario Ministry of Agriculture rind Fund 7 Traditionally it was assumed that married women did not have a financial identity and so u. married woman could not borrow money in her own name. â€" I‘he tinancml recognition ofwomen has changed due to their income level. independence. and the number of \tidimed and diiorccd women. 7 It is standard in Ontario for a mar7 I'ICLl. person‘s credit record to be l'IIEd gointl} \Hlil hisiher spouse‘s credit record. There is it trend toward family Unll file 7 Women requesting consumer credit are treated equally with men. However. the income level of women is often [truer than that of men. this is one fat:- tor \ihich Wt“ determine the risk that lenders are “Illng to take. Based on history, women 18 to 25 yetirs of age are granted credit Cards more easily than men of that age. In some cases. credit (e.g. a credit card) is still being granted based on the hus- band's credit rating. 7 Women CAN establish and/or proâ€" tect their own credit rating, It is impor- tant for a woman to have the security of credit being available to her. â€" when a couple marries, both persons should keep their own credit cards. 7 A married woman who keeps her maiden name will have a credit file separate from her husband‘s. â€" A married woman who has farm income. off-farm income or only a small personal income can establish a credit record and request the credit bureau to set up a fi her name. he in â€" There are some differences in the granting of commercial credit to men and women. Again it is based mainly on the level and stability of income. ]n a family business (such as farming) [here is difficulty validating the level of per- sonal income if the woman is not paid by the business. Ways to establish a credit record -â€" Open and use a savings and‘iir chequing account using your own name. â€" Open and keep up-to-date 3 Charge account in your own name, â€" Apply for a credit card in your in. ii name. Use it and pay the bills in full by due dates. For more information, consifler reading The Canadian woman's G. tile to Money by Monica Townson lfld Frederick Stapenhurst, published l'ty McGrawâ€"Hill Ryerson Ltd. Du credit pour lesfemmes Traditionnellement. les femmes matrices rte beneficiaient d'aucune in- diwduulitc linanci‘ere. dc sorts qu‘elles ne puuvaient emprunter de l'argent en leur propre nom. â€" Actucllcmcnt. vu leur revenu plus eleve'. leur plus grande indépendance et le nomhre dc: veuves el de divorcc'cs. lcs ten‘imes Jomsscnt d'une mcilleure rccon~ nuissance sur le plan financier. 7 En Ontario. on tend ii constituer dcs dossiers tamiliaux. et la procedure ctiuruntc consiste a classer 1e dossier the credit d‘une personne avec eelui de son c’pouuse) 7 Les femmes qui font uni: demand: dc credit 51 la consummation receivent le mtmc traitenient que les hommes. Cependant. leur revenu est souvent in- féTIEUT l1 celui des hommes; cc factcur determine 1e niveau de risque que les préteurs acceptent de courir. Traditionnellemeni. les temmes éigées de 18 a 25 ans obtiennenl plus facileâ€" ment Line carte de crédit que les hommes du meme age. Dans certains cas, c‘est encore de la cote de solvabilité du mari qu'on tient compte pour accorder du credit (c'est-Zirdire urie carte de crédit). 7 Les femmes PEUVENT établir ct protéger leur propre cote de solvabilité. Il est important pour une fernrne dejouir de la sécurité que conférc une marge the credit. 7 Lorsqu‘un couple se marie. chacun des membres devrait con- server sa propre carte de crédit. â€" Une femme mariée qui continue a utiliser son nom de jeune fille pourra avoir un dossier de crédit distinct de celui de son mari. 7 Une femme mariée qui posséde un revenu agricole, un revenu ac- cessoire ou simplement un petit revenu personnel peut exiger du Bureau de credit d’avoir uu dOS‘lcl' dc credit on son nom. 7 En ce qui concerne l'octroi d’un Cl'tilll commercial, is traitement accordé ll i v homes at aux femmes différe quelipie peu. Encore une fois, les critéres print. :7 paux sont le niveau et la stabilité du i '7 venu. Dans 13 cats d’une affaire familial; comme l’exploitation d’une fenne. il mt difficile d’évaluer 1e niveau de revmu personnel si la femme no recoil pas tie salaire. Comment etablir uu dossier de credit : â€" Ouvrez soit un compte d’épargnc. soit un compte chbque, ou bien Ics deux, sous votre nom de jeune fille. rt maintenez ces comptes actifs. â€" Ouvrez un compte d’achat a credit en votre non] ct assurez-vous que lcs paiements soient a jour. â€" Fairies une demands dc carte de credit en votre nom. Utilisezâ€"la cl payez les factures darts leur totalité cn respectant les dates d'échéanoe. 6 H & C October, November 1989